Codeium Launches AI System Processing 100 Million Lines; CodeRabbit Raises $16M in Series A Led by CRV

AI coding startup Codeium has introduced a new system capable of processing up to 100 million lines of code simultaneously. This advancement was discussed by CEO Mohan Solo, who highlighted its significance in developing 'advanced reasoning' capabilities in artificial intelligence. Meanwhile, CodeRabbit, another AI code review startup, has successfully raised $16 million in a Series A funding round. The funding, led by CRV with participation from Flex Capital and Engineering Capital, aims to enhance the company's AI-powered code review capabilities, ultimately helping developers debug their code more efficiently. This investment is expected to significantly improve developer productivity by streamlining the code review process.